HDFC Bank has penalized at least 12 senior and mid-level executives, including Ashish Parthasarthy, for their alleged role in the mis-selling of Credit Suisse AT1 bonds. This action follows previous sackings and suspensions, with the bank attributing the issue to technical documentation and regulatory interpretation lapses rather than fraud.
The Reserve Bank of India has banned banks from offering or rebooking rupee non-deliverable forward contracts. This move widens the gap between domestic and overseas currency markets. Banks are now selling dollars locally and buying them abroad. This action aims to curb speculative trading and support the Indian rupee against the US dollar.
Sebi is proposing to bring back share buybacks via stock exchanges. This reverses a decision made a year ago. New tax rules have resolved earlier concerns about fairness and tax distortions. Public shareholders will now be taxed on actual capital gains, similar to market sales. This change aims to ensure equal participation for all shareholders.
State-owned Bank of Baroda reported a 14% year-on-year rise in global business to Rs 30.78 lakh crore in Q4FY26, led by steady growth in deposits. Global deposits increased 12%, while domestic deposits rose 13%. The figures are provisional and part of the bank’s quarterly update, with final audited numbers to be announced alongside its earnings release.
Axis Direct has set a Nifty target of 29,480 for December 2026, indicating 30% upside, and identified five smallcap stocks with potential gains of up to 60%. Picks include Ujjivan Small Finance Bank, Chalet Hotels and Minda Corporation, backed by improving fundamentals, strong order books and favourable sector outlook.
Emirates NBD has received RBI approval to acquire up to 74% stake in RBL Bank, making it a foreign bank post-acquisition. Voting rights will be capped at 26%, while regulatory relaxations facilitate the transition. The deal highlights rising foreign interest in India’s banking sector.
Nithin Kamath emphasises that diversified, long-term investing is the most reliable path to outperform the stock market. Highlighting operational challenges in portfolio analytics on Zerodha’s platform, he underscores that disciplined, steady portfolios outperform short-term concentrated bets, especially amid rising retail participation and market volatility.
Wall Street’s key indexes traded in the red on Thursday, the final session of the holiday-shortened week, after President Donald Trump signalled a more forceful approach toward Iran, weighing on hopes for a quick resolution to the Middle East conflict.
Five BSE Sensex heavyweights including Bajaj Finserv, ICICI Bank, HDFC Bank, Kotak Mahindra Bank and Hindustan Unilever — slipped up to 16% in a month to hit fresh 52-week lows amid market volatility.
Shares of U.S. alternative asset managers fell on Thursday after Blue Owl capped the amount investors can withdraw from two of its retail-focused funds, stoking fresh concerns about the industry.
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